Territory Stories

Budget Paper No.2 Fiscal and Economic Outlook 2008-2009

Details:

Title

Budget Paper No.2 Fiscal and Economic Outlook 2008-2009

Other title

Tabled paper 1293

Collection

Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT

Date

2008-05-06

Description

Tabled By Delia Lawrie

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/283912

Citation address

https://hdl.handle.net/10070/410393

Page content

2008-09 Budget 12 Fiscal Position and Outlook 2007-08 2008-09 Accrual Cash Accrual Cash $M $M $M $M 2007-08 BUDGET - 95.9 - 40.1 - 40.6 0.3 OPERATING REVENUE/RECEIPTS Policy-related Stamp duty rates reduction - 1.0 - 1.0 - 12.0 - 12.0 Payroll tax rate reduction and harmonisation - 8.9 - 8.9 Subtotal - 1.0 - 1.0 - 20.9 - 20.9 Non-discretionary Taxation 31.7 32.0 41.8 41.8 GST revenue 51.0 51.0 160.0 160.0 Specific purpose payments 195.1 195.1 122.3 122.3 Interest revenue 20.5 20.5 6.9 6.9 Mining royalties 16.2 16.2 11.1 11.1 Agency own-source revenue 15.7 14.9 1.0 0.5 Tax equivalents and dividends 6.8 10.5 8.7 16.6 Other 2.7 3.0 1.8 2.3 Subtotal 339.8 343.3 353.7 361.6 TOTAL OPERATING REVENUE/RECEIPTS 338.8 342.3 332.8 340.7 OPERATING EXPENSES/PAYMENTS Policy-related Closing The Gap 19.9 19.9 32.8 32.8 New and expanded initiatives 23.2 23.2 47.2 47.2 Contribution to Power and Water infrastructure 66.6 66.6 50.0 50.0 Subtotal 109.7 109.7 130.0 130.0 Non-discretionary Transfers of expenditure between years 18.3 18.3 15.3 15.3 Specific purpose payments 171.2 171.2 64.8 64.8 Employee entitlements 8.1 - 22.9 9.6 - 29.2 Interest 9.7 9.7 - 3.1 - 3.1 Depreciation 5.2 8.7 Treasurers Advance - 40.0 - 40.0 Other 3.8 2.1 4.6 1.8 Subtotal 176.3 138.4 99.9 49.6 TOTAL OPERATING EXPENSES/PAYMENTS 286.0 248.1 229.9 179.6 Net Capital Payments Transfer of capital payments between years - 11.4 - 11.4 14.7 14.7 Specific purpose payments 14.4 14.4 43.9 43.9 Closing the Gap and remote housing 18.0 18.0 30.2 30.2 Capital works cash requirement 70.0 70.0 Sales of assets 9.4 9.4 - 4.6 - 4.6 Depreciation - 5.2 - 8.7 Other - 1.7 - 1.6 - 2.2 - 2.1 TOTAL NET CAPITAL PAYMENTS 23.4 28.8 143.3 152.1 Contributions to infrastructure/superannuation 20.0 TOTAL EXPENSES/PAYMENTS 309.4 296.9 373.2 331.7 TOTAL VARIATION 29.3 45.4 - 40.4 9.0 2008-09 BUDGET - 66.6 5.3 - 81.0 9.3 Source: Northern Territory Treasury Table 2.3: Variations to the Cash Flow and Operating Statements since May 2007